Today’s issue of WorkCompRecap features some M&A news with the announcement from the Amynta Group that it has entered into an agreement with certain subsidiaries of James River Group Holdings, Ltd. to acquire the renewal rights to their Individual Risk Workers’ Compensation business.
The transaction includes the full operations of the IRWC business, including underwriting, loss control and claims, and transfer of the employees supporting the business. The business covers insureds across focused classes, including building trades, specialty transportation, healthcare, agricultural and light manufacturing, is regionally focused across the southeastern U.S., and produced $53 million of gross written premiums in 2022. The business will operate under Amynta Work Comp Solutions under the continued leadership of Paul Kearns.